TVS Motor Company has increased its stake in DriveX Mobility, a pre-owned two-wheeler platform founded by Narain Karthikeyan and Christopher Anand Sargunam.
TVS Motor now owns 87.38% of DriveX after acquiring 39.11% of its issued share capital.
DriveX Mobility specializes in the procurement, refurbishment, and sale of used two-wheelers.
TVS Motor aims to strengthen its presence in the pre-owned two-wheeler market and provide affordable mobility options.